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dc.identifier.citationMazzitelli, E. (1977). The estimation of a production function for the construction industry in Malta (1964-1974) (Bachelor's dissertation).en_GB
dc.description.abstractThere are two alternatives in terms of which production processes can be studied, these being either in terms of cost functions or in terms of production functions. This paper aims at the latter objective, that is the estimation of a production function for the IVial te se Construction industry. As will be explained in Chapter V more than one definition for variables used (especially labour input) were applied and alternative ways adapted to see: (1) which equation would give us positive results (2) which function provides the best fit. Other important tests never carried out on the available data for the period range in question to analyse: - the overall significance of the estimated regression equations - returns to scale - the reliability or non-reliability of both elasticities (that of labour and that of capital) with respect to output. In the case of the C.E.S. in its simplest form an analysis of the Elasticity of Substitution Parameter is given. Like most Cobb-Douglas function studies, parameters are estimated directly from the logarithmically linear production function, thus leaving open an apparent test of the marginal productivity law. In the C.E.S. case we have avoided fitting the non-linear production relation and have instead concentrated on fitting the logarithmically linear marginal productivity equations. Chapter I specifies the economic theoretical background behind an industry's production function, while Chapter II deals with the data used and its interpretation. Appendix to Chapter II gives an analysis of the original results obtained and the reasons why they were discarded. Chapter III gives an account of the general outline on the nature of the Construction industry whilst Chapter V presents a detailed analysis of results obtained. Full account of statistical tests applied in arriving at our conclusions is given in Chapter IV. As can be seen, the sample size was restricted to eleven observations (1964 - 1974). The original purpose was to include more observations, however because of statistical information limitations (see Chapter II) the range had to be shortened.en_GB
dc.subjectProduction controlen_GB
dc.subjectConstruction industry -- Maltaen_GB
dc.titleThe estimation of a production function for the construction industry in Malta (1964-1974)en_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publisher.institutionUniversity of Maltaen_GB
dc.publisher.departmentFaculty of Economics, Management and Accountancy. Department of Economicsen_GB
dc.contributor.creatorMazzitelli, Emanuel M. (1977)-
Appears in Collections:Dissertations - FacEma - 1959-2008
Dissertations - FacEMAEco - 1971-2010

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